Leadenhall passes $1.5 billion assets under management, announces latest hire

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Reinsurance-linked investments manager Leadenhall Capital Partners LLP (Leadenhall) has announced that the firm has passed $1.5 billion of assets under management as of September 2013. The firm has also added a new hire of a General Counsel & Head of Transaction Management.

Leadenhall, a London-based non-life and life insurance-linked securities and collateralized reinsurance asset manager, has been growing its assets under management rapidly in 2013, having hit $1 billion around March and then increasing again to $1.4 billion by June.

Having now increased its assets under management by 50% in 2013 to over $1.5 billion, Leadenhall has also been building a stronger team to help the firm enter its next stage of growth.

Today, Leadenhall has announced its latest hire. Robert Schwartz has joined the firm from lawfirm Dechert LLP, taking on the role of General Counsel & Head of Transaction Management. In this newly created role, he will be responsible for legal and compliance matters and for oversight of the transactions documentation process at Leadenhall.

Luca Albertini, CEO of Leadenhall Capital Partners, commented; “The regulatory environment for asset management firms is getting increasingly complex and requires dedicated in house resources for monitoring and compliance. In addition we believe that private placements have been and will continue to be an essential component of portfolio construction and are likely to remain the majority of our investment instruments in the medium term. With the growth of our Assets Under Management to over 1.5 billion as of September and with the variety of private placement structures used in order to deliver tailor made solutions for the mutual benefit of protection buyers and investors we now deem it very important to have highly qualified legal expertise in house.”

Schwartz  is an attorney admitted to the bar of the State of New York and held senior associate roles in the financial services practices of lawfirms Dechert LLP and Allen & Overy LLP. He has advised sponsors and cornerstone investors on structuring, re-structuring, forming and investing in numerous funds, managed accounts and other co-investment structures ranging widely in size, strategy and focus (including various hedge, hybrid and private equity strategies).

Schwartz also advised regularly on U.S. and E.U. financial services regulation and has experience in securitisation and OTC derivatives. He received a BA in philosophy from Brigham Young University, fulfilled a Fulbright Fellowship in law at Warsaw University and obtained a JD from the University of Virginia School of Law.

Schwartz started at Leadenhall in September 2013, soon after Ben Adolph joined Leadenhall’s non life portfolio management team from Antares.

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